Iraq | Egypt Oil & Gas - Part 47
Yaran Field Began Oil Output
Iran has begun first oil production from North Yaran field shared with Iraq after years of delay. The development manager of the field, Arash Baqerzadeh, said that the production from the field has begun with 30,000b/d.
Egypt to Buy Oil from Iraq
The Egyptian Minister of Petroleum, Tarek El Molla, signed a memorandum of understanding (MoU) to import oil from Iraq. This agreement comes after Aramco halted its oil shipment to Egypt.
Shell, Vitol to Store Iraqi Crude at Fujairah
Royal Dutch Shell and Vitol are stepping up their operations in the port of Fujairah to store Iraqi crude as production from the OPEC member rises.
Kurdistan Fields Produced Less Oil
Genel Energy, mentioned that it expects a decline in production at its Kurdish oil fields. Iraq Issued Oil Field Tender
The Iraqi oil ministry launched a new tender to develop 12 small to medium-sized oil fields.
Iran to Export Gas to Iraq
Iran is fully ready to start exporting gas to neighboring Iraq as soon as the Arab country opens a line of credit.
OPEC Produced 33.64mb/d of Crude in September
Crude oil output in OPEC reached a new record of 33.64mb/d during September, causing crude oil prices to drop back down after reaching above $53 per barrel as a result of reports that OPEC had agreed to curb production.
Iraqi Boosted Oil Output by 5,600b/d
Kuwait Energy Plc announced that the company has brought Faihaa-2 well's production online. The well is situated in the Block 9 concession, in Basra , Southern Iraq. 
